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  3. monty co. had purchased 190 shares of washington c

Monty Co. had purchased 190 shares of Washington Co. for $40 each this year (Oregon...

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Accounting

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Monty Co. had purchased 190 shares of Washington Co. for $40 each this year (Oregon Co. does not have significant influence). Monty Co.sold 95 shares of Washington Co.stock for $45 each. At year-end, the price per share of the Washington Co. stock had dropped to $35. Prepare the journal entries for these transactions and any year-end adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record the purchase.) (To record the sale.) (To record the fair value.)

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